Analog Devices, Inc. (NASDAQ:ADI) has been assigned an average recommendation of “Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $111.67.

ADI has been the topic of several recent research reports. Zacks Investment Research lowered shares of Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 target price on the stock. in a report on Wednesday, May 29th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Goldman Sachs Group upgraded shares of Analog Devices from a “sell” rating to a “buy” rating and lifted their target price for the company from $101.00 to $114.00 in a report on Monday, June 10th. Nomura initiated coverage on shares of Analog Devices in a report on Monday, June 3rd. They set a “neutral” rating and a $90.00 target price on the stock. Finally, ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

In other news, Director James Champy sold 8,260 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $121.02, for a total value of $999,625.20. Following the sale, the director now owns 17,390 shares in the company, valued at approximately $2,104,537.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $115.23, for a total transaction of $1,152,300.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares in the company, valued at approximately $3,595,867.38. The disclosure for this sale can be found here. Insiders sold a total of 71,862 shares of company stock worth $7,978,717 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Analog Devices by 20.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,792,028 shares of the semiconductor company’s stock valued at $153,818,000 after buying an additional 302,982 shares during the last quarter. Geode Capital Management LLC grew its stake in Analog Devices by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 4,950,995 shares of the semiconductor company’s stock valued at $424,353,000 after buying an additional 346,998 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Analog Devices in the 1st quarter valued at $97,000. Janus Henderson Group PLC grew its stake in Analog Devices by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 123,545 shares of the semiconductor company’s stock valued at $13,005,000 after buying an additional 417 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in Analog Devices by 92.2% in the 1st quarter. Moors & Cabot Inc. now owns 6,048 shares of the semiconductor company’s stock valued at $638,000 after buying an additional 2,901 shares during the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

NASDAQ:ADI traded up $1.17 during trading hours on Friday, hitting $116.21. The company’s stock had a trading volume of 2,021,384 shares, compared to its average volume of 2,659,339. The stock has a market capitalization of $41.69 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. The stock has a fifty day moving average of $112.06 and a 200-day moving average of $109.76. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. Analog Devices has a 52-week low of $76.62 and a 52-week high of $124.79.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. Analog Devices’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. On average, sell-side analysts forecast that Analog Devices will post 5.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.16 dividend on an annualized basis and a yield of 1.86%. Analog Devices’s dividend payout ratio is currently 36.36%.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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